Celsius (NASDAQ:CELH) Stock Jumps 6.2% – Here’s What Happened

Celsius Holdings Inc. (NASDAQ:CELH)’s stock price rose 6.2% during mid-day trading on Monday. The company traded as high as $29.96 and last traded at $29.9390. Approximately 3,383,402 shares traded hands during trading, a decline of 57% from the average session volume of 7,842,254 shares. The stock had previously closed at $28.19.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CELH. Stephens lowered their price target on shares of Celsius from $65.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Morgan Stanley set a $42.00 target price on Celsius and gave the stock an “overweight” rating in a research report on Friday, August 7th. Bank of America decreased their target price on Celsius from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. UBS Group set a $38.00 price target on Celsius in a report on Thursday. Finally, Maxim Group cut Celsius from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.76.

Celsius Stock Performance

The firm has a market cap of $7.56 billion, a PE ratio of 124.75, a PEG ratio of 2.00 and a beta of 1.01. The company has a current ratio of 1.80, a quick ratio of 1.42 and a debt-to-equity ratio of 0.56. The firm’s 50 day simple moving average is $29.33 and its 200 day simple moving average is $30.37.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). The company had revenue of $817.93 million for the quarter, compared to the consensus estimate of $870.08 million. Celsius had a net margin of 4.24% and a return on equity of 36.52%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. On average, research analysts forecast that Celsius Holdings Inc. will post 1.42 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Hal Kravitz purchased 12,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was acquired at an average price of $28.00 per share, for a total transaction of $336,000.00. Following the acquisition, the director directly owned 239,158 shares of the company’s stock, valued at $6,696,424. This represents a 5.28% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Damon DeSantis acquired 16,000 shares of Celsius stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of $27.95 per share, for a total transaction of $447,200.00. Following the purchase, the director owned 2,728,187 shares in the company, valued at approximately $76,252,826.65. The trade was a 0.59% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 66,000 shares of company stock worth $1,830,120. Corporate insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp increased its position in Celsius by 4.5% in the second quarter. State Street Corp now owns 5,253,654 shares of the company’s stock worth $153,861,000 after purchasing an additional 227,418 shares during the last quarter. Jennison Associates LLC lifted its position in Celsius by 2.4% during the first quarter. Jennison Associates LLC now owns 1,298,521 shares of the company’s stock valued at $46,072,000 after purchasing an additional 30,327 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Celsius in the 2nd quarter worth $43,040,000. Janus Henderson Group PLC grew its stake in shares of Celsius by 35.3% in the 1st quarter. Janus Henderson Group PLC now owns 1,058,503 shares of the company’s stock worth $37,565,000 after buying an additional 276,369 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Celsius by 1.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,203,942 shares of the company’s stock worth $35,251,000 after buying an additional 21,025 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

About Celsius

Celsius Holdings, Inc (NASDAQ: CELH) develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including products positioned around energy, fitness and wellness. The company also markets CELSIUS Essentials, CELSIUS Vibe and powdered drink mixes, with product formulations that commonly feature ingredients such as caffeine, vitamins and other functional components.

Founded in 2004, Celsius has expanded from a niche fitness beverage business into a broader energy-drink platform.